Stanley Reed
Posts
BP, in a Reversal, Says It Will Produce More Oil and Gas
The company said global concerns about energy security prompted the change, as it reported record profits for 2022.
Shell’s Profit Soared to $42 Billion in 2022
The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach”...
Russian Diesel Is Europe’s New Embargo Target
The coming ban on Russian exports of refined oil products could strain energy markets and crimp Russia’s output.
British Battery Start-Up Files for Bankruptcy
The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.
Sweden Says It Has Uncovered a Rare Earth Bonanza
The state-owned mining company announced it had found Europe’s largest deposit of the vital minerals used in electric vehicles and other green technology.
Virgin Orbit Offers More Details on Rocket Failure
More than 110 miles above earth, the rocket’s second-stage engine prematurely shut down before entering orbit, causing the loss of nine satellites.
Virgin Orbit’s Failed Launch a Setback for U.K.’s Space Industry
When a Virgin Orbit rocket fell short of orbit, it dealt a blow to Britain’s space program and the companies whose satellites were lost in...
Britain Is on the Verge of Its First Satellite Launch
A rocket launched from a Virgin Orbit jumbo jet is expected to put satellites into orbit, a step for Britain into the space launch business.
Natural Gas Prices in Europe Fall to Pre-Invasion Levels
Warm weather, alternatives to Russian gas and a buildup of storage all help. But prices remain high for consumers and industry.
Oil Prices Drop, Despite Heightened Sanctions on Russian Crude
The price of oil fell by about 10 percent this week, easing (for now) supply worries about the E.U. embargo and a price cap.